PLEASE HELP WITH QUESTIONS 3 and 4

Question 3 Refer to FNM's last publically reported Balance Sheet before it was placed into Conservatorship: If you believed that FNM's mortgage assets, as reported, were inflated by 70,000,000K, what journal entries would you use to correct this error? Choose all the correct entries. cr Mortgage Write Down Expense 70,000,000 dr Mortgages 70,000,000 cr Total Assets 70,000,000 cr Mortgages 70,000,000 dr Short/Current Long Term Debt 70,000,000 cr Cash 70,000,000 dr Mortgage Write Down Expense 70,000,000 Question 4 0/1 pts Refer to the information provided in Question 3 above. After you have corrected the value of FNM's mortgage assets, what is the value of the firm's equity? Record you answer in units of K (IE: the units given on the Question-3 Balance Sheet), and round your answer to zero decimal places. As appropriate, record a negative number like this, with a leading minus sign "-270015". Question 3 Refer to FNM's last publically reported Balance Sheet before it was placed into Conservatorship: If you believed that FNM's mortgage assets, as reported, were inflated by 70,000,000K, what journal entries would you use to correct this error? Choose all the correct entries. cr Mortgage Write Down Expense 70,000,000 dr Mortgages 70,000,000 cr Total Assets 70,000,000 cr Mortgages 70,000,000 dr Short/Current Long Term Debt 70,000,000 cr Cash 70,000,000 dr Mortgage Write Down Expense 70,000,000 Question 4 0/1 pts Refer to the information provided in Question 3 above. After you have corrected the value of FNM's mortgage assets, what is the value of the firm's equity? Record you answer in units of K (IE: the units given on the Question-3 Balance Sheet), and round your answer to zero decimal places. As appropriate, record a negative number like this, with a leading minus sign "-270015